The Department of Government Efficiency price plummeted 23% in the last 24 hours to trade at $0.008157 as of 03:35 a.m. EST on trading volume that soared 48% to $11.26 million.
Department Of Government Efficiency Price Prediction: DOGE Currently Bearish
The Department of Government Efficiency price has been on a downtrend after hitting an all-time high (ATH) of $0.01674 yesterday. From that time, the DOGE price has been trading within a falling channel pattern.
The downtrend has pushed the DOGE price down below the 50-day Simple Moving Average (SMA) but remains above the 200-day SMA, which acts as the immediate support level at $0.0025.
Moreover, the bearish sentiment is supported by the Relative Strength Index (RSI) dropping from the 50-midline level, currently at 42 as it tumbles down, indicating that sellers have the upper hand.
DOGEUSD Chart Analysis (Source: GeckoTerminal )
If the selling continues, the price of DOGE may plunge further back, with $0.00258 as the next possible support level.
However, with the RSI now dropping to the oversold level, the DOGE price may become undervalued, which is a buying signal for the bulls.
If the bulls buy at this level, the Department of Government Efficiency price may recover over the falling channel, as they target $0.015.
As the Department of Government Efficiency price bulls look for more entry points, investors are shifting to a new Shiba Inu alternative called Shiba Shootout (SHIBASHOOT) .
Crypto channel 99Bitcoins, with more than 706k subscribers, says investors who buy $SHIBASHOOT can earn “insane rewards.“
Shiba Shootout Presale Blasts Past $1 Million, Best Alternative To Buy Now?
Shiba Shootout offers a P2E game called Shiba Sharpshooter that has amassed over 1,000 downloads on the Google Play Store, with a Web3 app launching soon. The project has already raised over $1.09 million in its presale.
The game is built around the town of Shiba Gulch, a bustling digital settlement that is a favorite with Shiba lovers who come together to challenge each other in gun battles.
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If you are interested in participating in the presale, you can buy the token for $0.0202. But don’t wait too long as the price will increase in less than six days.
You can buy SHIBASHOOT tokens on the official website here using ETH, BNB, USDT, or a bank card.
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